Madison County, Kentucky home prices
Typical home $283,215 · +1.2% in a year · property tax 0.73%
The typical home in Madison County is worth $283,215, 23% more than the Kentucky typical home ($230,909). Values changed +1.2% in the past year and +26.1% over five years. Homeowners here pay a median 0.73% of their home's value in property tax each year ($2,073 on the typical home), versus 0.72% statewide.
Mortgage on the typical Madison County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $56,643 | $226,572 | $1,524 | $0 | $314 | $1,839 | $78,800 |
| 10% down | $28,322 | $254,894 | $1,715 | $106 | $314 | $2,135 | $91,500 |
| 5% down | $14,161 | $269,054 | $1,810 | $112 | $314 | $2,236 | $95,800 |
| 3.5% down (FHA) | $9,913 | $278,085 | $1,871 | $125 | $314 | $2,310 | $99,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.73% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Kentucky · part of the Richmond metro area.
Kentucky counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Warren County | $285,184 | +0.2% | 0.65% |
| Kenton County | $286,827 | +2.1% | 0.98% |
| Meade County | $278,269 | -0.1% | 0.68% |
| Campbell County | $293,229 | +2.9% | 1.01% |
| Grant County | $272,511 | +3.1% | 0.68% |
| Bullitt County | $294,862 | -0.1% | 0.83% |
| Nelson County | $264,631 | +3.9% | 0.79% |
| Jefferson County | $264,274 | +1.4% | 0.86% |
| Anderson County | $263,940 | +1.5% | 0.75% |
| Bourbon County | $259,793 | -0.9% | 0.71% |
Frequently asked questions
What is the average home price in Madison County, KY?
The typical home value in Madison County is $283,215 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $78,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Madison County?
The median effective rate is 0.73% of home value a year (Census ACS 2024 5-year estimates).